India’s factory output grows 5.7% in November despite demonetisation

The surge was mainly driven up by a surge in capital goods production, government data showed on Thursday. Economists surveyed by Reuters had forecast a 1.3 percent growth in output compared with a revised 1.8 percent year-on-year fall in October.ET Online | January 12, 2017, 18:09 IST

The surge was mainly driven up by a surge in capital goods production, government data showed on Thursday. Economists surveyed by Reuters had forecast a 1.3 percent growth in output compared with a revised 1.8 percent year-on-year fall in October.

India's annual consumer price inflation eased to 3.41 per cent in December, its lowest level in more than two years, helped by a sharp cooling in food prices.

Economists had expected annual retail inflation to come in at 3.57 per cent last month, compared with 3.63 percent in November. Food inflation was 1.37 per cent last month, lower than a revised 2.03 per cent in November.